EDC is ready to fulfill the terms of the Federal Antimonopoly Service of the transaction with Schlumberger
April 21, 2015
Drilling Company Eurasia Drilling Company (EDC) for its part is ready to fulfill the terms of the transaction with FAS oilfield service company Schlumberger, the issue in an international partner - told RIA Novosti Chief Executive Officer of EDC Alexander Japaridze. "We used to work in the country, we are not share, we will still carry them out" - he said, answering a question RIA Novosti whether EDC is ready to fulfill the requirements of FAS. "To occurred, it should go Schlumberger», - he said.
Earlier on Monday, the Federal Antimonopoly Service (FAS) introduced the government commission on foreign investment material transaction Schlumberger and Russian Eurasia Drilling Company. In late January, the world's largest oilfield service company Schlumberger announced that she had agreed to purchase 45.65% stake in EDC for about 1.7 billion dollars, or 22 dollars per share. Deals interested FAS. After examining the documents, the agency concluded that antitrust terms of coordination is required, but the agreement must be approved by a government commission on foreign investment.
In late March, the panel discussed the agreement, formulating proposals Schlumberger on behalf of the Russian government, which are then discussed with the company itself and specialized agencies. Representatives of FAS reported that the main condition for approval of the transaction RF power can be ratified Schlumberger when leaving the country Russian investors to sell all assets that are in.
According to RIA Novosti
April 21, 2015
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